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Vickrey-Clarke-Groves mechanisms in continuum economies : Characterization and existence

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  • Makowski, Louis
  • Ostroy, Joseph M.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 21 (1992)
Issue (Month): 1 ()
Pages: 1-35

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Handle: RePEc:eee:mateco:v:21:y:1992:i:1:p:1-35

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Web page: http://www.elsevier.com/locate/jmateco

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References

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  1. Theodore Groves & Martin Loeb, 1974. "Incentives and Public Inputs," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 29, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  2. Vives, X. & Mas-Colell, A., 1989. "Implementation in economies with a Continuum of Agents," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) 129.90, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  3. Louis Makowski & Joseph M. Ostroy, 1984. "Vickrey-Clarke-Groves Mechanisms and Perfect Competition," UCLA Economics Working Papers, UCLA Department of Economics 333, UCLA Department of Economics.
  4. Hurwicz, Leonid & Walker, Mark, 1990. "On the Generic Nonoptimality of Dominant-Strategy Allocation Mechanisms: A General Theorem That Includes Pure Exchange Economies," Econometrica, Econometric Society, Econometric Society, vol. 58(3), pages 683-704, May.
  5. Champsaur, Paul & Laroque, Guy, 1981. "Fair allocations in large economies," Journal of Economic Theory, Elsevier, Elsevier, vol. 25(2), pages 269-282, October.
  6. Mitsui, Toshihide, 1983. "Asymptotic efficiency of the pivotal mechanism with general project space," Journal of Economic Theory, Elsevier, Elsevier, vol. 31(2), pages 318-331, December.
  7. Walker, Mark, 1978. "A Note on the Characterization of Mechanisms for the Revelation of Preferences," Econometrica, Econometric Society, Econometric Society, vol. 46(1), pages 147-52, January.
  8. Hammond, Peter J, 1979. "Straightforward Individual Incentive Compatibility in Large Economies," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 46(2), pages 263-82, April.
  9. H. R. Varian, 1975. "Two Problems in the Theory of Fairness," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 163, Massachusetts Institute of Technology (MIT), Department of Economics.
  10. Kleinberg, Norman L., 1980. "Fair allocations and equal incomes," Journal of Economic Theory, Elsevier, Elsevier, vol. 23(2), pages 189-200, October.
  11. ROBERTS, John, . "The incentives for correct revelation of preferences and the number of consumers," CORE Discussion Papers RP, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) -272, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  12. Donald John Roberts & Andrew Postlewaite, 1973. "The Incentives for Price-Taking Behavior In Large Economies," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 44, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  13. Laffont, Jean-Jacques & Maskin, Eric, 1980. "A Differential Approach to Dominant Strategy Mechanisms," Econometrica, Econometric Society, Econometric Society, vol. 48(6), pages 1507-20, September.
  14. Green, Jerry & Laffont, Jean-Jacques, 1979. "On Coalition Incentive Compatibility," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 46(2), pages 243-54, April.
  15. Walker, Mark, 1980. "On the Nonexistence of a Dominant Strategy Mechanism for Making Optimal Public Decisions," Econometrica, Econometric Society, Econometric Society, vol. 48(6), pages 1521-40, September.
  16. Rob, Rafael, 1982. "Asymptotic efficiency of the demand revealing mechanism," Journal of Economic Theory, Elsevier, Elsevier, vol. 28(2), pages 207-220, December.
  17. Muench, Thomas J., 1972. "The core and the Lindahl equilibrium of an economy with a public good: an example," Journal of Economic Theory, Elsevier, Elsevier, vol. 4(2), pages 241-255, April.
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Cited by:
  1. Gretsky, Neil E. & Ostroy, Joseph M. & Zame, William R., 1999. "Perfect Competition in the Continuous Assignment Model," Journal of Economic Theory, Elsevier, Elsevier, vol. 88(1), pages 60-118, September.
  2. Louis Makowski & Joseph M. Ostroy, 1991. "The Margin of Appropriation and an Extension of the First Theorem of Welfare Economists," UCLA Economics Working Papers, UCLA Department of Economics 629, UCLA Department of Economics.
  3. Sahm, Marco, 2006. "Essays in Public Economic Theory," Munich Dissertations in Economics, University of Munich, Department of Economics 5633, University of Munich, Department of Economics.
  4. Joseph Ostroy & Uzi Segal, 2012. "No externalities: a characterization of efficiency and incentive compatibility with public goods," Social Choice and Welfare, Springer, Springer, vol. 39(4), pages 697-719, October.
  5. Makowski, Louis & Ostroy, Joseph M. & Segal, Uzi, 1999. "Efficient Incentive Compatible Economies Are Perfectly Competitive," Journal of Economic Theory, Elsevier, Elsevier, vol. 85(2), pages 169-225, April.
  6. Louis Makowski & Joseph M. Ostroy, 1992. "General Equilibrium and Market Socialism: Clarifying the Logic of Competitive Markets," UCLA Economics Working Papers, UCLA Department of Economics 672, UCLA Department of Economics.

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